Ice Make Refrigeration Limited — Important, 15-11-2024: Updates

Ice Make Refrigeration Limited reported robust financial results for Q2 FY2025, showcasing strong growth in revenue and operational efficiency. The company achieved consolidated revenue of ₹103.38 crore, a remarkable increase of 34.38% year-over-year, supported by a 21.31% rise over the previous quarter. EBITDA improved to ₹8.57 crore with an EBITDA margin of 8.28%. PAT grew to ₹4.79 crore, reflecting a 6.68% increase YoY, although the PAT margin saw a slight decline compared to the same quarter last year.

The standalone results also demonstrated significant growth, with revenue from operations reaching ₹101.38 crore, up 34% year-over-year. Despite some profitability metrics showing slight declines in the half-year financial review, management remains confident about market expansion and ongoing strategic initiatives. The company is focused on optimizing its cost structure and enhancing profitability, positioning itself well in the competitive refrigeration market. Overall, Ice Make's strong performance highlights its resilience and potential for continued growth, warranting investor attention.